11,814 Shares in CTS Corporation $CTS Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in shares of CTS Corporation (NYSE:CTS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,814 shares of the electronics maker’s stock, valued at approximately $770,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in CTS during the second quarter worth about $33,000. Parallel Advisors LLC raised its stake in shares of CTS by 308.5% in the first quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock valued at $67,000 after acquiring an additional 1,058 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of CTS by 29.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 239 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of CTS in the 2nd quarter worth approximately $98,000. Finally, Quantbot Technologies LP bought a new stake in CTS during the 2nd quarter worth approximately $102,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on CTS. Weiss Ratings cut CTS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Lake Street Capital assumed coverage on CTS in a research note on Wednesday. They issued a “buy” rating and a $67.00 target price for the company. Wall Street Zen downgraded shares of CTS from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research lowered shares of CTS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.00.

CTS Trading Up 1.0%

CTS stock opened at $57.11 on Friday. The firm has a 50-day moving average of $60.82 and a 200-day moving average of $58.02. CTS Corporation has a one year low of $36.03 and a one year high of $69.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.61 and a quick ratio of 2.07. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.31 and a beta of 1.03.

CTS (NYSE:CTS) last released its earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.13. CTS had a return on equity of 13.48% and a net margin of 12.37%.The business had revenue of $144.78 million for the quarter, compared to the consensus estimate of $143.43 million. During the same quarter in the previous year, the business earned $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. On average, equities analysts expect that CTS Corporation will post 2.72 earnings per share for the current fiscal year.

CTS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, September 25th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. CTS’s payout ratio is 6.72%.

CTS Company Profile

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.